Term life insurance is a low-cost way to protect your family | Better Mortgage
Term life insurance is a low-cost way to protect your family | Better Mortgage
Abstract
Term life insurance is a popular option because it can be more cost effective than other policies. Term life insurance provides coverage for a specific term or period of time, for example in 10, 20, or 30 year increments. There is no cash value associated with term life insurance, and you will not receive any money back at the close of the term. With a whole life policy, the premiums don’t go directly toward the benefits. The premiums don't go to the benefit. If you outlive the term, your beneficiaries won’s.
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